Tuesday, 02 January 2024 12:17 GMT

Emperor Metals Announces $6.5 Million Best Efforts Private Placement


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) (the " Corporation " or " Emperor Metals ") is pleased to announce that it has entered into an agreement with SCP Resource Finance LP (" SCP ") to act as lead agent and sole bookrunner on behalf of a syndicate of agents to be formed (together with SCP, the " Agents ") in connection with a "best efforts" offering to raise gross proceeds of up to $6,500,080 (the " Offering ") consisting of:

  • Up to 12,500,000 units of the Corporation (each a " Common Unit ") at a price of $0.20 per Common Unit (the " Common Issue Price ") for gross proceeds of up to $2,500,000; and

  • Up to 14,286,000 units of the Corporation issued on a "flow-through" basis (each a " FT Unit ", together with the Common Units, the " Offered Securities ") at a price of $0.28 per FT Unit (the " FT Issue Price ") for gross proceeds of up to $4,000,080.

The Corporation has also granted to the Agents an option exercisable, in whole or in part, up to three business days prior to closing of the Offering, to increase the size of the Offering by up to an additional 15% of the number of Offered Securities.

Each Common Unit will be comprised of (i) one common share of the Corporation (a " Common Share ") and (ii) one-half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant shall be exercisable to acquire one Common Share at a price of $0.35 per Common Share for a period of 24 months from the closing of the Offering. Each FT Unit will be comprised of (i) one Common Share issued on a "flow-through" basis (a " FT Share ") and (ii) one-half of one Warrant. Each FT Share will qualify as a "flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec). It is contemplated that some or all of the FT Shares will subsequently be re-sold or donated by certain subscribers under the Offering to purchasers arranged by the Agents in accordance with exemptions pursuant to applicable securities laws.

John Florek, Chief Executive Officer of the Corporation states,

"We are thrilled to be partnering with SCP on this brokered financing; a strategic collaboration that will enable us to fully dedicate our efforts to unlocking the true potential of this exceptional deposit. With Emperor Metals' Maiden Mineral Resource Estimate at the Duquesne West Property effectively doubling the historical resource, we see a clear and compelling path to increasing the resource once again through continued, targeted exploration.

The strength of the market and the support of our stakeholders will be instrumental in realizing this growth potential, enabling us to build on the momentum of our recent standout intercepts; including 21.7 metres of 35.2 g/t Au within the conceptual open pit and 10.8 metres of 15.8 g/t Au in the underground environment. These exceptional results underscore the scale and quality of the deposit, both at surface and at depth.

Our goal is to maintain the strong momentum and success we've built on this project. To that end, we plan to immediately launch our next drill program following the close of this financing, driving us toward even greater growth and discovery."

The Offered Securities will be offered in each of the provinces of Canada pursuant to the "listed issuer financing exemption" under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the " LIFE Exemption "). The Common Units may also be offered in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") and in other qualifying jurisdictions outside of Canada and the United States that are mutually agreed to by the Corporation and the Agents on a private placement basis pursuant to relevant prospectus and registration exemptions in accordance with applicable laws.

Subject to the satisfaction of certain conditions under applicable Canadian securities legislation, the securities issued under the Offering pursuant to the LIFE Exemption are not expected to be subject to a hold period in Canada under applicable Canadian securities legislation.

There is an offering document related to the Offering (the " Offering Document ") that can be accessed under the Corporation's profile on SEDAR+ at and on the Corporation's website at . Prospective investors should read the Offering Document before making an investment decision.

The net proceeds of the Offering will be used to advance the Corporation's Duquesne West Project and Lac Pelletier Project in Quebec, and for general and administrative expenses and working capital purposes, as further described in the Offering Document.

In connection with the Offering, the Corporation has agreed to pay the Agents a cash commission equal to 6.0% of the gross proceeds of the Offering and issue to the Agents warrants (the " Agents' Warrants ") exercisable for a period of 24 months following the closing date, to acquire in aggregate that number of Common Shares which is equal to 6.0% of the total number of Offered Securities issued under the Offering at an exercise price equal to the Common Issue Price.

Closing of the Offering is expected on or about October 7, 2025, or such other date as the Corporation and Agents may agree. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

About Emperor Metals Inc.

Emperor Metals Inc. is a high-grade gold exploration and development company focused on Quebec's Southern Abitibi Greenstone Belt, leveraging AI-driven exploration techniques. Emperor Metals is dedicated to unlocking the substantial resource potential of the Duquesne West Gold Project and the Lac Pelletier Project, both situated in this prolific mining district.

Emperor Metals is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value. For more information, please refer to SEDAR+ ( ), under Emperor Metals' profile.

Under an option agreement, Emperor Metals agreed to acquire a 100% interest in a mineral claim package comprising 38 claims covering approximately 1,389 ha, located in the Duparquet Township of Quebec (the "Duquesne West Property") from Duparquet Assets Ltd., a 50% owned subsidiary of Globex Mining Enterprises Inc. (TSX: GMX).

For more information, please contact:

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